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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 12. EARNINGS PER SHARE The following table details the components of EPS.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands, except per-share amounts) |  | (In thousands, except per-share amounts)
Numerator for basic and diluted EPS: |  |  |  |  |  |  |
Net income (loss) | $ | 5,000 |  |  | $ | (197,541) |  |  | $ | 5,406 |  |  | $ | (88,392) |
Less: Net income attributable to Subsidiary Series A Preferred Units | (3,769) |  |  | (4,007) |  |  | (11,040) |  |  | (11,643) |
Less: Net income attributable to Series A Preferred Stock | (3,365) |  |  | (3,393) |  |  | (10,384) |  |  | (9,926) |
Add: Net loss attributable to noncontrolling interest | 556 |  |  | — |  |  | 4,525 |  |  | — |
Net loss attributable to Summit Midstream Corporation | $ | (1,578) |  |  | $ | (204,941) |  |  | $ | (11,493) |  |  | $ | (109,961) |
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Weighted-average number of shares outstanding – basic | 12,255 |  |  | 10,649 |  |  | 12,090 |  |  | 10,583 |
Effect of nonvested restricted stock units | — |  |  | — |  |  | — |  |  | — |
Effect of assumed conversion and elimination of noncontrolling interest and net income | — |  |  | — |  |  | — |  |  | — |
Weighted-average number of shares outstanding – diluted | 12,255 |  |  | 10,649 |  |  | 12,090 |  |  | 10,583 |
Net loss per share: |  |  |  |  |  |  |
Common Stock – basic | $ | (0.13) |  |  | $ | (19.25) |  |  | $ | (0.95) |  |  | $ | (10.39) |
Common Stock – diluted | $ | (0.13) |  |  | $ | (19.25) |  |  | $ | (0.95) |  |  | $ | (10.39) |
Class B Common Stock - basic and diluted | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS | 407 |  |  | — |  |  | 469 |  |  | 13 |
Class B Common Stock | 6,524 |  |  | — |  |  | 6,528 |  |  | — |

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